Ask a Lawyer and Get Answers to Your Legal Questions
Hello! I am a licensed attorney, admitted to practice in state and federal court. I have a nearly 100% satisfaction rating so all that means is that you can count on me to help today. Do you mind if I take a moment to review your question?
Please keep in mind that our conversation does not include an attorney-client relationship and this is for general information purposes only. Additionally, most people believe a phone call is the easiest and most efficient way to handle problems. Accordingly, you will receive an automatic phone call request. If you would like a phone call, please click “Accept” when prompted.
Thank you very much for your patience with this. I’m sorry to hear about your situation. There are a couple of things that you will want to consider here. If your day trader took this money out and did not have the authorization to do so, then you may want to refer this to your local district attorney. The reason is because the day trader may be convicted of a theft charge for taking this action. Also, if the trader is licensed by the SEC, then the SEC may impose additional penalties on this individual, including a suspension and a revocation of their license. Finally, you may also have a cause of action for conversion as a civil lawsuit. Conversion means that a person has exhibited substantial dominion and control over your property without your consent. In this case, you may be able to sue him even if he is prosecuted criminally.
Also, although I provided an initial answer, it’s important that you are 100% satisfied. If you feel I have done so, please rate me 5 stars and let me know if you have any follow up questions. As a side note, you can also click here in the future to request me individually.